Its executive chairman Ian Murray says GRR already has enough capital to fund its mining endeavours in the Goldfields and Pilbara but others will continue to fall by the wayside during the current market.

''I think it is a big concern amongst the junior and listed companies; junior companies that need the cash to keep going are currently battling to find interest from investors," he said.

''If the market doesn't improve and people can't raise capital, they have to then curtail all their exploration activities and some of them will need to downsize and reduce the number of personnel."

"There is no question that the global economic situation at the moment is creating serious uncertainty and that is going to impact on the financing, not only on new initial public offerings, but also with existing operations looking to expand their exploration programs," he said.

Mr Bennison says markets are reacting badly to the economic uncertainty and there are fears commodity prices will tumble again like they did during the 2008 GFC.

"There are some predicting that unless Europe gets its act together we could very easily go through something similar," he said.

"A lot of people are apprehensive about where this going.

"The companies that are well cashed up and not carrying much debt will be in a better position than others."

Selling the project

Ian Murray recently attended forums in Hong Kong and Singapore, organised by the Australian Securities Exchange, to give ASX-listed companies the chance to show off their projects to a number of influential institutional investors.

He says it's imperative to build up a relationship with potential investors in order to help shore up future funding, and even more so in difficult economic times.

"We don't need to raise money in the short to medium term, but if we were needing to raise money now I would be concerned," he said.

"In this market investors become very selective in where they are going to invest.

"They are not just investing in the sector overall, they will be investing in particular companies and particular projects."

A prominent analyst Peter Strachan is even warning that the jittery world market could bring about the end of the mining boom.

He says the economic uncertainty has seen commodity prices plummet, investors sell off stocks, and banks will be less likely to loan money.

Mr Strachan says that will leave mining companies unable to fund their projects.

''I think we may well be heading into a down cycle, after what has been effectively been growth since the late 1990s, so it's been a pretty strong period of growth that we've had," he said.

''New projects that are slated to go ahead in Australia, many of them still need to be funded, unless they are run by big companies like BHP and Rio Tinto, who can basically self fund.

"The smaller and medium sized companies are not going to be able to find bank funding, project funding for these projects."

Even BHP recently said it was freezing all board-level major project approvals for six months and scale back its $80 billion investment plans although one analyst said its iron ore plans are least likely to be canned.

Mr Bennison says while the market conditions are worrying, mainstayers in the resources sector are used to riding out tough times.

He says the resources sector is inherently linked with uncertainties of the global market.

"There certainly will be a softening but I think unfortunately a lot of commentators overstate just where we could go," he said.

"We are an export industry and we are very much reliant on how other countries are faring in relation to their economies, so we learn to hedge against some of that, we learn to trade within it.